The raising of the entry age in NPS has opened up an attractive new investment avenue for senior citizens, says Arnav Pandya.
The Senior Citizens' Savings Scheme 2004 offers 9 per cent rate of interest on deposits. But most banks offer 9 per cent or more interest rate these days.
The Mumbai Police has assured the Bombay High Court that it will act promptly on cyber fraud complaints and sensitize all police officials to ensure prompt action and FIR registration when such complaints are filed. The assurance came after a city-based woman filed a petition alleging that the local police failed to act swiftly on her cyber fraud complaint, resulting in a loss of Rs 45 lakh. The court has directed the Additional Director General of Police (Maharashtra Cyber) to appear before it on April 22 to inform the bench on the formation of the Maharashtra Cyber Security Corporation.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
The Supreme Court of India has expressed concern over the erosion of the family institution, stating that people in India, while valuing the concept of 'vasudhaiva kutumbakam' (the world is one family), are failing to maintain unity even within their immediate families. This observation came in a case involving a dispute between a mother and her eldest son over property and family relations.
The Budget has increased the limit of deduction for medical expenditure in respect of certain critical illness
A number of insurers offer health policies designed especially for senior citizens.
Deadly brides, daredevil officers, bloodthirsty royals, killer toys, celebrity chefs, comic book heroes, angry goddesses, senior citizen dreams, poisonous snowfall, the OTT offerings this week will make you wish for days twice the size of its menu.
Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to Rs 6 lakh on rent from the current Rs 2.4 lakh.
The Bharatiya Janata Party (BJP) has released the first part of its manifesto for the upcoming Delhi assembly elections, promising Rs 2,500 monthly aid for women, LPG cylinders at Rs 500, and Rs 2,500 pension for senior citizens. BJP president JP Nadda also assured that all existing public welfare schemes in Delhi will continue if the party is voted to power. The manifesto also includes a promise to implement the 'Ayushman Bharat' scheme in Delhi, providing additional health cover of Rs 5 lakh.
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh per annum while presenting the Union Budget 2025-26. Presenting the budget in Lok Sabha, the Finance Minister said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh.
As we continue our climb, I meet 59-year-old Pushpa Devi from Banaras. I stare at her in wonderment when she tells me this is her 45th visit to the temple. She is equally bewildered to hear this is my first visit!What is it that draws her here each year? 'Bas ek shabd hai. Shraddha. (There is just one word. Faith.)'
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.
The giant statue of Sardar Vallabhai Patel is most impressive and a trip to the viewing gallery on top is the high point of a trip to Kevadia, Gujarat.
According to a parliamentary response by the Union health ministry in 2023, around 654,000 families in Delhi are eligible to enrol under the scheme.
The AAP chief stressed the need for an increase in healthcare spending, suggesting a rise to 10 percent of the GDP, along with the removal of taxes on health insurance premiums.
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
The time limit is proposed to be extended from the current two years to four years.
Statistics reveal that out of about 77 million senior citizens in India, as many as 90% have no social security and are emotionally depressed. Apart from brutality and neglect, the nation does not offer much to those who age.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
If your daughter-in-law is not prepared to be a mother, there's obviously a reason for this and this is between the couple, advises rediffGURU Anu Krishna.
Ahead of February's Delhi assembly elections, Aam Aadmi Party national Convener Arvind Kejriwal has launched the Mukhya Mantri Mahila Samman Yojana and the Sanjeevani Yojanaa to win over voters in the national capital.
rediffGURU T S Khurana answers readers' personal income tax queries.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Department of Social Justice and Empowerment has received Rs 13,611 crore in the Union Budget announced on Saturday, while the allocation for disability welfare now stands at Rs 1,275 crore.
From specialised senior-friendly tours to redesigned hotel amenities, hotels are becoming increasingly attuned to the unique requirements of elderly travellers.
An NGO has found a solution and claims that it is doing well. In August alone the NGO has helped around 1000 senior citizens find gainful employment, says Himanshu Rath of Agewell Foundation. "We provide them with work assistance like home tuitions, managerial jobs etc," he says.
Senthamarai, 65, and P Shanmugavel, 70, became an Internet sensation after beating back armed robbers.
The Insurance Regulatory and Development Authority (Irda) has constituted a seven-member committee on health insurance for senior citizens.
Gauri Spratt has met Aamir's family and they are all 'extremely happy'.
Jones Lang LaSalle Meghraj regional director Manoj Kashyap feels the cash flow that is readily available with the senior citizens is one of the reasons why real estate companies are looking at this untapped market. According to Gurinder Bawa, business head, International Travel House Limited, availability of time and money with senior citizens is driving the interest of travel houses towards them.
A good number of seniors today are independent, financially stable.
With rising competition and dearth of qualified professionals, employers are increasingly considering senior citizens as a part of the workforce or consultants because of the experience they bring to the work place.
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